Insider Selling: NVR, Inc. (NVR) Director Sells 400 Shares of Stock

NVR, Inc. (NYSE:NVR) Director Eddie Arthur Grier sold 400 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $2,968.07, for a total transaction of $1,187,228.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

NVR, Inc. (NVR) traded up $28.30 during trading on Wednesday, reaching $3,064.99. 9,537 shares of the company’s stock traded hands, compared to its average volume of 35,865. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.62 and a quick ratio of 1.67. The firm has a market capitalization of $10,772.42, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 1.02 and a beta of 0.54. NVR, Inc. has a 52-week low of $1,858.90 and a 52-week high of $3,700.00.

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NVR (NYSE:NVR) last posted its earnings results on Thursday, January 25th. The construction company reported $43.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $48.95 by ($5.54). The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $2.01 billion. NVR had a return on equity of 38.72% and a net margin of 8.70%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $37.80 earnings per share. equities research analysts forecast that NVR, Inc. will post 188.66 EPS for the current year.

NVR declared that its board has approved a stock buyback program on Tuesday, December 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional investors have recently bought and sold shares of the business. Pictet Asset Management Ltd. boosted its holdings in NVR by 37.3% during the third quarter. Pictet Asset Management Ltd. now owns 1,510 shares of the construction company’s stock valued at $4,311,000 after acquiring an additional 410 shares during the period. Palo Capital Inc. lifted its stake in shares of NVR by 6.1% in the fourth quarter. Palo Capital Inc. now owns 1,031 shares of the construction company’s stock valued at $3,617,000 after buying an additional 59 shares during the period. Macquarie Group Ltd. lifted its stake in shares of NVR by 48.0% in the third quarter. Macquarie Group Ltd. now owns 370 shares of the construction company’s stock valued at $1,057,000 after buying an additional 120 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of NVR by 208.6% in the second quarter. PNC Financial Services Group Inc. now owns 216 shares of the construction company’s stock valued at $521,000 after buying an additional 146 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of NVR by 14.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,290 shares of the construction company’s stock valued at $3,683,000 after buying an additional 165 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on NVR shares. ValuEngine downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Wells Fargo & Co reaffirmed a “market perform” rating on shares of NVR in a research note on Friday, October 20th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 price target on the stock in a research note on Tuesday, October 24th. Finally, UBS Group began coverage on shares of NVR in a research note on Wednesday, October 25th. They issued a “neutral” rating and a $3,450.00 price target on the stock. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $3,186.75.

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About NVR

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).